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What Are Surplus Funds After a Foreclosure Sale?
When a foreclosed home sells for more than the debt, the leftover money belongs to the former owner or junior lienholders, not the lender.
By Jynell D. Berkshire
Read more1320 E. Vermont Street, Indianapolis, IN 46202
(317) 434-3000Surplus Funds Blog
Straight answers on foreclosure surplus funds, tax sale overage, heirship, and quiet title, written by Indiana attorneys who file these claims.
8 articles · Page 1 of 1
Latest
When a foreclosed home sells for more than the debt, the leftover money belongs to the former owner or junior lienholders, not the lender.
By Jynell D. Berkshire
Read moreTax sale overage is the amount a tax sale bid exceeds the taxes owed. Claiming it takes proof of ownership, a petition, and notice to lienholders.
By Jynell D. Berkshire
Every state sets its own window to claim excess proceeds. Miss it and the money escheats to the county or state treasury.
By Jynell D. Berkshire
When the record owner has died, the surplus belongs to the estate. Courts require proof of heirship before releasing anything.
By Jynell D. Berkshire
Legitimate recovery work is regulated. Upfront fees, blank assignments, and fee splits above the state cap are red flags.
By Jynell D. Berkshire
A tax deed alone rarely satisfies a title insurer. Quiet title turns a questionable deed into marketable title.
By Jynell D. Berkshire
Both produce leftover money, but who holds it, who has priority, and how long you have are rarely the same.
By Jynell D. Berkshire
Most claims are delayed by missing paperwork. This checklist covers what county offices and courts typically require.
By Jynell D. Berkshire
Articles are general information only. They are not legal advice and do not create an attorney-client relationship. Contact us to discuss your specific matter.
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